You have just been offered a contract worth $1.15 million per year for 6 years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this project is 11.5 %. You are still negotiating the purchase price of the equipment. What is the most you can pay for the equipment and still have a positive NPV? The most you can pay for the equipment and achieve the 11.5 % annual return is $___ million

Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $5760 at the end of each of the next 3 years. The opportunity requires an initial investment of $1440 plus an additional investment at the end of the second year of $ 7200. What is the NPV of this opportunity if the interest rate is 1.6 % per year? Should Marian take it? What is the NPV of this opportunity if the interest rate is 1.6 % per year? The NPV of this opportunity is $___